Newmont : Fourth Quarter 2024 Investor Presentation – November 2024

Fourth Quarter 2024 Investor Presentation

November 2024

Cautionary Statement Regarding Forward Looking Statements, Including Outlook

This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. Forward-looking statements often address our expected future business and financial performance and financial condition; and often contain words such as "anticipate," "intend," "plan," "will," "would," "estimate," "expect," "believe," "pending," "proposed" or

"potential." Forward-looking statements in this news release may include, without limitation, (i) estimates of future production and sales, including production outlook, average future production; (ii) estimates of future costs applicable to sales and all-in sustaining costs; (iii) estimates of future capital expenditures, including development and sustaining capital; (iv) expectations regarding the Tanami Expansion 2, Ahafo North and Cadia Panel Caves projects, including, without limitation, expectations for production, milling, costs applicable to sales and all-in sustaining costs, capital costs, mine life extension, construction completion, commercial production, and other timelines ; (v) expectations regarding share repurchase program and debt repurchases; (vi) estimates of future cost reductions, synergies, including pre-tax synergies, savings and efficiencies, Full Potential and productivity improvements, and future cash flow enhancements through portfolio optimization, (vii) expectations regarding Newmont's go-forward portfolio is focused on Tier 1 assets;

1. expectations regarding future investments or divestitures, including of non-core assets and assets designated as held for sale; (ix) expectations regarding free cash flow and returns to stockholders, including with respect to future dividends and future share repurchases; and (x) other outlook, including, without limitation, Q4 2024 Outlook, 2024 Outlook and other future operating and financial metrics. Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect. Such assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of Newmont's operations and projects being consistent with current expectations and mine plans, including, without limitation, receipt of export approvals; (iii) political developments in any jurisdiction in which Newmont operates being consistent with its current expectations; (iv) certain exchange rate assumptions for the Australian dollar to the U.S. dollar and Canadian dollar to the U.S. dollar, as well as other exchange rates being approximately consistent with current levels; (v) certain price assumptions for gold, copper, silver, zinc, lead and oil; (vi) prices for key supplies; (vii) the accuracy of current mineral reserve, mineral resource and mineralized material estimates; and (viii) other planning assumptions. Uncertainties include those relating to general macroeconomic uncertainty and changing market conditions, changing restrictions on the mining industry in the jurisdictions in which we operate, impacts to supply chain, including price, availability of goods, ability to receive supplies and fuel, and impacts of changes in interest rates. Such uncertainties could result in operating sites being placed into care and maintenance and impact estimates, costs and timing of projects. Uncertainties in geopolitical conditions could impact certain planning assumptions, including, but not limited to commodity and currency prices, costs and supply chain availabilities. Investors are reminded that the dividend framework is non-binding.Future dividends, beyond the dividend payable on December 23, 2024 to holders of record at the close of business on November 27, 2024 have not yet been approved or declared by the Board of Directors, and an annualized dividend payout or dividend yield has not been declared by the Board. The declaration and payment of future dividends remain at the discretion of the Board of Directors and will be determined based on Newmont's financial results, balance sheet strength, cash and liquidity requirements, future prospects, gold and commodity prices, and other factors deemed relevant by the Board. The extent to which the Company repurchases its shares, and the timing of such repurchases, will depend upon a variety of factors, including trading volume, market conditions, legal requirements, business conditions and other factors. The repurchase program may be discontinued at any time, and the program does not obligate the Company to acquire any specific number of shares of its common stock or to repurchase the full authorized program amount during the authorization period.

For a more detailed discussion of such risks, see the Company's Annual Report on Form 10-K for the year ended December 31, 2023 filed with the U.S. Securities and Exchange Commission ("SEC") on February 29, 2024, as well as Newmont's other SEC filings, available on the SEC website or www.newmont.com. Newmont does not undertake any obligation to release publicly revisions to any "forward- looking statement," including, without limitation, outlook, to reflect events or circumstances after the date of this presentation, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued "forward-looking statement" constitutes a reaffirmation of that statement. Continued reliance on "forward-looking statements" is at investors' own risk.

Investors are also reminded to refer to the endnotes to this presentation for additional information and are also encouraged to review our Form 10-Q filed on October 24, 2024.

Q4 2024 INVESTOR PRESENTATION - NOVEMBER 2024

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Newmont

2024 & 2025 PERFORMANCE & OUTLOOK

Q4 2024 INVESTOR PRESENTATION - NOVEMBER 2024

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2024: A Transformational Year

Focused on Integration, Rationalization, & Transition

Completing	Stabilizing	Progressing	Improving	Returning Cash to
INTEGRATION	PRODUCTION	DIVESTITURES	MARGINS	SHAREHOLDERS

Strengthening safety culture	Expect to deliver 5.6Moz of	Announced $1.5B from	Gold all-in sustaining costs	Returned $1.6B to
following 5 fatalities	gold from core portfolio*	non-core divestitures	expected to be $1,500/oz*	shareholders**
Deepening knowledge at	On track to achieve 2024	Received $527M from sale	Focused on reducing unit	Retired $483M in debt**
acquired assets	production guidance*	of other investments	costs to expand margins	Total liquidity of $7.1B***

Building a Diversified Portfolio of Tier 1 Operations

*See endnotes re forward-looking statements, Tier 1 assets, dividends, share repurchases, Full Potential, and synergies. **As of October 24, 2024. Shareholder returns includes share repurchases and dividends. Total debt retired includes $83 million paid in October 2024 and total returns to shareholders includes $302 million of shares repurchased in October 2024. ***As of September 30, 2024.

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Announced >$2B from Asset Sales in 2024

Up to $1.5B from Non-Core Divestitures, $527M from Sale of Other Investments

FEBRUARY 2024	JULY 2024	OCTOBER 2024
Announced Non-Core Divestiture Program with	Monetization of Batu Hijau contingent payments	Agreement to divest Akyem operation for up to
intention to sell 6 operating assets and 2 projects	for $197M in cash proceeds and payments	$1.0B in cash proceeds*

North America Divestitures to Come

APRIL 2024	SEPTEMBER 2024
Agreement to divest Telfer operation and Havieron
Sale of Lundin Gold stream credit facility and	project for up to $475M in cash proceeds, equity,
offtake agreement for $330M	and contingent consideration*

Proceeds Used to Strengthen Balance Sheet and Return Capital to Shareholders

Retired $483M in Debt and Completed $750M in Share Repurchases through October 24, 2024

*Closing of Akyem and Telfer/Havieron remain pending; see endnotes.

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On Track to Deliver a Solid Finish to the Year

Q4 2024 Guidance*

1.8Moz	Attributable Gold Production**	$320M
$1,050/oz	Gold Costs Applicable to Sales	$550M
$1,475/oz	Gold All-In Sustaining Costs***	$110M

Development Capital

Sustaining Capital

General & Administrative

*Represents Q4 2024 outlook estimates. See endnotes re forward-looking statements. **Includes production from the Company's equity method investments in Pueblo Viejo and Lundin Gold. ***See endnotes re non-GAAP metrics.

INVESTORQ4 2024 INVESTORPRESENTATIONPRESENTATION- Q3 2024- NOVEMBER 2024

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2025: Core Portfolio to Deliver Steady Results*

Focused on Safety, Costs, & Productivity

• Expect attributable gold production in 2025 to remain consistent with 2024
• Anticipate unit costs in 2025 to align with the trends observed in 2024
• Expect annual sustaining capital spend of ~$1.8B over next few years
• Continue to invest an average of ~$1.3B per year of development capital
• Prioritizing creating value versus chasing volume

Focused on Expanding Margins, Generating Strong Returns, and Creating Value

*Represents outlook estimates, which remains subject to finalization as Newmont works to improve its business. See endnotes re forward-looking statements.

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Performance Catalysts Beyond 2024

LIHIR

BRUCEJACK

CADIA

NON-MANAGED OPERATIONS

HEADWINDS

Processing higher proportion of lower-grade	Focused on development and drilling activities to
stockpiles while reducing complexity at Lihir	improve knowledge of this nuggety ore body

Elevated sustaining capital for a period to align life- of-mine tailings capacity with cave development

Monitoring run-rate from Nevada Gold Mines JV and Pueblo Viejo JV

AHAFO NORTH

BODDINGTON

TANAMI

TAILWINDS
New, lower-cost ounces from the Ahafo North project expected in the	Completion of the North and South pit laybacks, which is anticipated
second half of 2025	to bring forward higher gold and copper grades in 2026
Q4 2024 INVESTOR PRESENTATION - NOVEMBER 2024

Additional ounces and lower unit costs from the second expansion, which is expected to be completed in the second half of 2027

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Newmont

CORE PORTFOLIO

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Newmont's Go-Forward Core Portfolio

ASIA PACIFIC

Lihir

Boddington

Cadia

Cadia Panel Cave 2-3

Tanami

Tanami Expansion 2

NORTH AMERICA

Brucejack

Red Chris

Nevada Gold Mines JV*

*Newmont's minority ownership interest is 38.5% of Nevada Gold Mines and 40% of Pueblo Viejo.

AFRICA

Ahafo

Ahafo North

LATIN AMERICA

Peñasquito

Merian

Cerro Negro

Yanacocha

Pueblo Viejo JV*

Managed Operation

Non-Managed Operation

Project in Execution

11 Large, Long-Life Managed Operations and 3 Projects in Execution

Located in the World's Most Favorable Mining Jurisdictions

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